Zevia PBC (NYSE:ZVIA - Get Free Report) was upgraded by investment analysts at Telsey Advisory Group from a "market perform" rating to an "outperform" rating in a report issued on Monday,Benzinga reports. The brokerage presently has a $5.00 target price on the stock, up from their previous target price of $3.00. Telsey Advisory Group's target price would indicate a potential upside of 64.47% from the company's previous close.
Zevia PBC Stock Performance
Zevia PBC stock opened at $3.04 on Monday. Zevia PBC has a 52 week low of $0.80 and a 52 week high of $4.99. The firm has a market cap of $225.63 million, a P/E ratio of -9.81 and a beta of 0.90. The business's fifty day moving average is $3.01 and its two-hundred day moving average is $2.87.
Zevia PBC (NYSE:ZVIA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. Zevia PBC had a negative return on equity of 35.52% and a negative net margin of 12.58%. The business had revenue of $38.02 million for the quarter, compared to analyst estimates of $37.15 million. On average, equities research analysts predict that Zevia PBC will post -0.32 earnings per share for the current year.
Hedge Funds Weigh In On Zevia PBC
Hedge funds have recently added to or reduced their stakes in the stock. Outlook Wealth Advisors LLC bought a new position in shares of Zevia PBC during the 1st quarter valued at about $29,000. Wolverine Trading LLC bought a new position in shares of Zevia PBC during the 4th quarter valued at about $39,000. Stifel Financial Corp bought a new position in shares of Zevia PBC during the 4th quarter valued at about $42,000. DKM Wealth Management Inc. bought a new position in shares of Zevia PBC during the 2nd quarter valued at about $42,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Zevia PBC during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 53.21% of the company's stock.
About Zevia PBC
(
Get Free Report)
Zevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated beverages in the United States and Canada. It offers soda, energy drinks, organic tea, and kidz drinks. The company offers its products through a network of food, drug, warehouse club, mass, natural, convenience, and e-commerce channels, as well as grocery distributors and natural product stores and specialty outlets.
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